Copper

Chile's state-owned Codelco reported a modest increase in copper production for 2024, with output rising by 3,000 to 4,000 metric tons from the previous year. Although small, the production growth has raised hopes that the mining giant will stage a turnaround and help alleviate anticipated copper...

KoBold Metals, the AI-driven mining startup backed by Bill Gates and Jeff Bezos, has secured $537 million in its Series C funding round. The latest funding round gives the Berkeley-based company a valuation of $2.96 billion and fresh capital to pursue ambitious goals in the critical minerals sector...

Freeport-McMoRan Inc. (NYSE:FCX) just hit a bearish milestone: a Death Cross. This technical signal, where the 50-day exponential moving average dips below the 200-day, is often seen as a harbinger of extended selling pressure—and FCX stock's recent performance doesn't inspire optimism. Chart...

Lundin Mining (OTC:LUNMF) has completed the sale of its two European mines to Swedish mining conglomerate Boliden AB (OTC:BLIDF) for up to $1.52 billion, dependent on future commodity prices. The mines in question include Neves-Corvo and Zinkgruvan, operations with notable zinc production, which...

Newmont Corporation (NYSE:NEM) disclosed the sale of its Cripple Creek & Victor operation in Colorado to SSR Mining Inc. for up to $275 million in cash. As per the terms of the agreement, Newmont will receive up to $275 million in gross proceeds. This includes $100 million in cash, payable at...

Rio Tinto's (NYSE:RIO) CEO Jakob Stausholm has dismissed activist shareholder calls to abandon the company's primary London listing. Palliser Capital, a global multi-strategy fund that holds around $250 million in Rio Tinto shares, argued that the dual listing has destroyed $50 billion in value and...

Shares of Ero Copper Corp (NYSE:ERO) were climbing in early trading on Monday. The Tucumã project ramp-up and lower average unit costs could enable the company to drive "the strongest production and EBITDA growth in our coverage, according to Goldman Sachs. Analyst Marcio Farid initiated coverage...

As the green transition accelerates, demand for copper has surged, driven by its critical role in renewable energy infrastructure, electric vehicles (EVs), and power grids. Despite companies scrambling to launch new mines, the shortage of copper could reach millions of metric tons by 2035,...

McEwen Copper, a subsidiary of McEwen Mining (NYSE:MUX), seeks $2.5 billion to advance the Los Azules copper project in Argentina. The prospective project wants to become a world-class copper mine with an anticipated annual production of 175,000 metric tons. “We have invested more than $400...

As the world hurtles toward an electrified future, the copper market stands at a crossroads. Insights from JPMorgan analysts Patrick Jones, Greg Shearer and Bill Peterson paint a complex picture: short-term hurdles for copper prices, but a glittering long-term outlook driven by electric vehicles...

BHP (NYSE:BHP) has announced plans to invest up to $14 billion to enhance its copper production in Chile, as revealed during a three-day site tour of its operations. This substantial capital expenditure aims to secure the long-term future of its assets in the region and support the growing global...

The re-election of Donald Trump has metals markets looking a little like a shaken-up snow globe—chaotic and swirling. While some metals might be facing a rocky road, JPMorgan's Commodities Research team, led by Greg Shearer, sees gold as holding strong through the turbulence, calling recent gold...

BHP (NYSE:BHP) has backtracked on remarks by its Chairman, Ken Mackenzie, about "moving on "from its failed $49 billion bid for Anglo American (OTCQX:AAUKF). During BHP's annual shareholder meeting in Brisbane, MacKenzie had suggested that the Anglo American acquisition was a "nice to have, not a...

Leading gold miner Newmont (NYSE:NEM) has applied to extend the permit for its Cadia operation, Australia's largest underground mine, until 2050. Located near Orange in New South Wales (NSW), Cadia plays a significant role in Newmont's portfolio and the Australian mining sector. It produces nearly...

After a hurricane-related postponement, President Joe Biden will visit Angola in December, marking his first and last trip to the African continent in the final week of his tenure. Angola, a country with a complex history tied to the United States and its Cold War adversaries, is now at the...